Total monthly cost of ownership
Cost to Own a Home in Lake LeAnn, Michigan
A $258,000 home here costs
$2,118per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,326. The real number is $792 higher every month — 60% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Lake LeAnn against Hillsdale County and Michigan
| Measure | Lake LeAnn | Hillsdale County |
|---|---|---|
| Median home value | $258,400 | $170,500 |
| Median property tax | $2,575 | $1,644 |
| Effective tax rate | 0.997% | 0.964% |
| Median gross rent | — | $801 |
| Population | 1,522 | 45,658 |
The weather behind that power bill
Lake LeAnn sits in Hillsdale County, which averages a high of 82.5°F in its hottest month and a low of 15.1°F in its coldest, with 39.54" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 594 cooling and 6,797 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Hillsdale County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hillsdale County
Full Hillsdale County cost breakdown · Every county in Michigan
Common questions
How much does it cost to own a home in Lake LeAnn?
A $258,000 home in Lake LeAnn, Michigan costs approximately $2,118 per month with 20% down at 6.66%. That is $1,326 principal and interest, $214 property tax, $96 homeowners insurance, $266 utilities and $215 set aside for maintenance.
What is the property tax rate in Lake LeAnn?
Lake LeAnn has an effective property tax rate of 0.997%, based on a median home value of $258,400 and median real estate taxes of $2,575. That is higher than the Hillsdale County average of 0.964%.
What is the average home price in Lake LeAnn?
The median owner-occupied home value in Lake LeAnn, Michigan is $258,400, against $170,500 across Hillsdale County.
Is it cheaper to rent or buy in Lake LeAnn?
Rent data is not published for Lake LeAnn at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lake LeAnn — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Michigan.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.